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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (746972)	8/4/2006 12:43:00 PM
From: TimF	Read Replies (1) \| Respond to of 769670

However, the report noted that "when lower taxes on capital income are financed initially by issuing government debt, private investment is crowded out by an increase in government borrowing," limiting the economic benefit from the tax cuts. I agree with that. Limiting, not reversing. Instead of a decent gain you get a tiny gain, not a loss in terms of the whole economy. And since the economic gain is small the tax cuts probably don't "pay for themselves". I also support the call for entitlement reform and general restraint on spending. I think that these are far more important than marginal changes in the tax code. Where I don't agree with them is there call for a tax increase. (Canceling already in effect tax cuts, instead of making them "permanent") means you are increasing taxes. I also don't support the inheritance tax.